The Financial Sector Deepening Kenya (FSD Kenya) is an independent trust dedicated to the achievement of an inclusive financial system that supports Kenya’s long-term development goals. We work closely with government, the financial services industry and other partners to develop financial solutions that better address the real word challenges faced by low-income households, enterprises and underserved groups such as women and youth.
Kenya’s annual financial inclusion lecture sets out how to protect consumers and drive growth in financial services
Rafe Mazer, a financial sector policy expert at CGAP, delivered the 2nd Kenya lecture on financial inclusion, organised by FSD Kenya, on Thursday 8th December 2016.
Registration is open!
This year’s annual lecture will be delivered by Rafe Mazer, a Financial sector specialist at CGAP.
Join us for what we expect will be a stimulating discussion on competition and consumer protection in Kenya’s financial sector.
Policymakers, academics, industry players, donors and other stakeholders gathered at the Crowne Plaza Hotel on Thursday 8th December for the 2nd FSD Kenya annual lecture on financial inclusion.
The financial services sector’s attitude towards small and medium sized enterprises (SMEs), is changing. SMEs form a significant part of the potential finance market in most countries, including Kenya.
Find out what percentage of adults are using a range of formal and informal financial services and products in Kenya, overall and for sub-groups of the population defined by age, gender, wealth, geographic location and education.
One of the key reasons why banks are challenged in serving SMEs appropriately, is that they lack an understanding of the evolving needs of fast growing SMEs.
At 29, Annette is already a widow. When we met her, she lived in a rented house now near a shopping centre along the main road in Vihiga. Her in-laws were never very fond of her, and after her husband’s death they chased her off the land where the two were living.
Duncan was born in the rural community in Vihiga where he still lives today. His father died when he was six years old. His mother struggled to take care of her children alone. Because of that financial pressure, Duncan did not go to high school and instead began working from a young age.
For Lucy, the trouble started early. As exams approached at the end of primary school, her parents were fighting. Her father was drinking a lot and had a number of mistresses. They quarreled openly; nothing was normal at home.
Matthew has been a hustler for as long as he can remember. He did well in primary school and wanted to go on to a good secondary school. But, his mother at home was paralyzed and couldn’t work. His father, he says, “Is just a farmer, you know. He doesn’t take this issue of school seriously.”
Henry, one of eight children, was only able to go to school until form two, the second year of secondary school, when his parents had to pull him out because they could no longer afford the fees.
Janet and Joseph have been together for 50 years. Janet had been in school up to class seven, when she dropped out, pregnant with their first child. She was eighteen years old. They stayed together at Joseph’s rural home for a few years until he decided to move to Kericho and look for work.
Compared to most households in her community in Makueni, Magdalene has been doing pretty well. She earned most of her income in the Diaries from selling clothes on market days around the county.
Ernest grew up in a rural area in Kenya’s Central region and help from family enabled him to move to Nairobi for accounting studies in 1998 after finishing high school. He completed Certified Public Accounting training up to section four, but found it hard to get a job. In 2003, he found himself desperate.
This reports gives an overview of the major issues surrounding financial inclusion during 2015 and highlights 10 of our initiatives.